A merger between Greece's largest lender National Bank (NBG) (NBGr.AT) and Alpha Bank (ACBr.AT) would be favourable from a creditworthiness perspective, ratings agency Moody's said on Monday. "If the merger proceeds, it would be credit positive for the combined entity given the opportunities for cost synergies and franchise expansion, especially in southeastern Europe," Moody's said in its weekly credit outlook. Alpha Bank has rejected NBG's offer. (Reporting by George Georgiopoulos)
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